IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 PART II GOVERNANCE MODEL EVALUATION 1. Identification of the corporate governance code adopted This Corporate Governance Report was prepared in accordance with CMVM Regulation 4/2013 of 1 August and with the new Corporate Gov- ernance Code of the Portuguese Institute of Corporate Governance (IPCG) from 2018 revised in 2020. In accordance with article 4. 2 of CMVM Regulation 4/2013, the necessary and indispensable informa- tion is disclosed as required by these regulations, both in substance and form. This Report complies with article 245-A of Securities Code and in ac- cordance with the comply or explain principle, indicates the degree of compliance with the new Recommendations from the mentioned IPCG as stated in its 2018 Corporate Governance Code in its actual 2020 ver- sion. The reporting obligations under Law 28/2009 of 19 June, articles 447 and 448 of Companies Code and CMVM Regulation 5/2008 of 2 Octo- ber 2008 with the changes of Regulation 7/2018 are also complied. All the legal and regulatory texts mentioned in this report are available at www.cmvm.pt . 2. Analysis of compliance with the corporate governance code adopted Overall Ibersol, SGPS, SA complies with the CMVM’s corporate govern- ance recommendations, as observes, and exposes the degree of com- pliance with the new Recommendations of the Portuguese Institute of Corporate Governance, as follows: 267